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Banking is the activity using which individuals can deal with money. Saving, lending, spending etc. comes under banking. There are many different types of banks. Some of them are:

a. Commercial or Retail Banks - Provide general banking services

b. Private Banks - Provide personalized banking services to wealthy clients

c. Investment Banks - Provide investment management services

d. Central Banks - Banker and Regulator of all banks

e. Rural Banks - Provide banking services to rural customers

f. Etc.

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